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In addition our range of platforms for Apple and Android mobile devices will seamlessly allow you to access and trade on your account from your smartphone or tablet with full account functionality.

Risk Warning: Trading on margin products involves a high level of risk.

XM sets high standards to its services because quality is just as decisive for us as for our clients. We believe that versatile financial services require versatility in thinking and a unified policy of business principles.

Our mission is to keep pace with global market demands and approach our clients’ investment goals with an open mind.

Risk Warning: Trading on margin products involves a high level of risk.

KID Disclosure – (AIG.N)

Key Information Document

Purpose of the "Key Information Document" (KID): This KID provides you with key information about the investment product described in the following section. It is not marketing material. This information is required by Law to help you understand the nature, risks, costs, potential gains and losses of this Product and to help you compare it with other products.

You are about to purchase a Product that is not simple and may be difficult to understand.

What is this Product?

Type

This Product is a financial instrument of the following category: CFD on stocks.

Objectives

This Product creates a leveraged exposure to the movement of the value of the underlying asset (i.e. aig stocks). Its return is mainly affected by the price and volatility of the underlying asset, the extent of leverage used by the investor and the associated costs of the trade. The price of the underlying asset is driven by demand and supply which is greatly affected by various factors such as important political events (e.g. elections, referendums, etc), central bank announcements, economic and geopolitical developments and investors’ behaviour. This Product does NOT have a minimum holding period.

Intended retail investor

Trading in this product will not be appropriate for everyone. This product would commonly be used by persons who want to generally gain short term exposures to financial instruments/markets; are using (trading with) money which they can afford to lose; have a diversified investment and savings portfolio; have a high risk tolerance; and understand the impact of and risks associated with margin trading.

Term

This product does not have any maturity or termination date.

What are the risks and what could I get in return?

Summary Risk Indicator (SRI):

The SRI is a guide to the level of risk of this Product compared to other products. It shows how likely it is that the Product will incur losses because of movements in the markets. We have classified this Product as 7 out of 7, which is the highest risk class.

It is possible to lose all of your investment, unless you set a limit to the financial loss resulting (‘Stop Loss’) from your investment. In addition, the investment may be lost if the Company is unable to pay out. However, you may benefit from a consumer protection scheme (see the section "what happens if we are unable to pay you"). It is possible that additional investment payments to your initial investment may be required in order to avoid your open positions being stopped out.

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Low riskHigh risk

This product is highly liquid and the Company does not prescribe a holding period for any position, whether this is a buy or a sell position. Clients are free to open/close a trade whenever they believe that it best suits them, given that the markets are open.

Performance Scenarios

Market developments in the future cannot be accurately predicted. The scenarios shown in table 2 are only an indication of some of the possible outcome based on recent returns. Actual returns may be lower.

Performance may vary depending on how the market performs and how long you hold the CFD. The stress scenario illustrates an extreme unfavourable scenario based on historical data. Maximum loss would be the loss of the entire investment. Performance results are net of all product costs, yet they do not account for personal taxation costs.

The assumptions used in the performance analysis are described below:

CFD on aig

Table 1

Investment

€1,000

Holding Period

1 Day

Notional Trade Value

€5,000

Leverage

5

Margin Requirement

€1,000

Margin Used

€1,000

Client fully utilizes available margin on trading platform

Scenarios

Table 2

Long Performance Scenario

Favourable

Balance

€1,063.97

Return

+ 6%

Profit / Loss

+ €63.97

Moderate

Balance

€991.75

Return

- 1%

Profit / Loss

- €8.25

Unfavourable

Balance

€920.36

Return

- 8%

Profit / Loss

- €79.64

Stress

Balance

€900.19

Return

- 10%

Profit / Loss

- €99.81

Short Performance Scenario

Favourable

Balance

€1,073.06

Return

+ 7%

Profit / Loss

+ €73.06

Moderate

Balance

€993.82

Return

- 1%

Profit / Loss

- €6.18

Unfavourable

Balance

€921.97

Return

- 8%

Profit / Loss

- €78.03

Stress

Balance

€898.16

Return

- 10%

Profit / Loss

- €101.84

The above performance scenarios have been calculated using the methodology provided by ESMA.

What happens if Trading Point of Financial Instruments Ltd is unable to pay out?

All client money held by the Company are held in segregated bank accounts, separately from the Company’s own funds, and safeguarded with highly-rated credit institutions in Europe. The Company performs, on a daily basis, internal and external reconciliations as required by the CySEC and prescribed by the rules of MiFID II for the Company to ensure that it maintains adequate amounts in its client money accounts to cover all client funds.

In the unlikely event that the Company will be unable to pay you out, the client can contact the Investor Compensation Fund (the "ICF"). The ICF is the Cyprus’ statutory fund of last resort for customers of Cyprus Investment Firms ("CIFs"). This means that the ICF can pay compensation up to €20,000 per eligible client, if the Company is unable to fulfil its financial obligations. The actual level of compensation that will be paid out by the ICF will be based on your claim. The ICF is an independent body, set up under the Investment Services and Activities and Regulated Markets Law of 2007, which the Company is part of, as it is authorised and regulated by the CySEC (License Number: 120/10).

What are the costs?

This table shows the different types of cost categories

Cash and Futures One-off entry or exit costs

Commission

Not applicable

Spread

The difference between the buy price and the sell price is called the spread. This cost is realised each time you open and close a trade. Information about spreads can be found on the Company's website

Cash only Ongoing costs

Daily holding costs (Swaps)

A fee is charged to your account for every night that your position is held. This means the longer you hold a position, the more it costs. Information about swaps can be found on the Company's website

How long should I hold it and can I take my money out early?

Trading in CFD Products involves significant risk with frequent market movements and price changes. Clients are free to open/close a trade whenever they believe that it best fits, given that the markets are open. The Company does not prescribe a holding period for any position whether this is a buy or sell position. The client may choose to set a ‘Stop Loss’ or ‘Take Profit’ on his/her trade to minimise the risk of large unexpected movements.

Clients can withdraw their total balance whenever they choose to do so, if there are no open positions on their trading account. In case there are open positions, the client can withdraw any amount in excess of the margin required for that particular trade, i.e. their ‘free margin’. All withdrawal requests can be made from the ‘Members’ Area’ section on the Company’s website.

How can I complain?

Steps for lodging a complaint:
Clients who wish to file a complaint must do so by submitting the relevant complaint form to the email address below, along with any relevant information.

Trading Point Holdings Ltd is the holding company of Trading Point of Financial Instruments Limited, XM Global Limited, Trading Point of Financial Instruments UK Limited, Trading Point of Financial Instruments Pty Ltd, Trading Point MENA Limited.

Trading Point of Financial Instruments Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence number: 120/10). XM Global Limited is authorised and regulated by the International Financial Services Commission (IFSC) (60/354/TS/19). Trading Point of Financial Instruments UK Limited is authorised and regulated by the Financial Conduct Authority (FRN: 705428). Trading Point of Financial Instruments Pty Ltd is authorised and regulated by the Australian Securities and Investment Commission (AFSL 443670). Trading Point MENA Limited is authorised and regulated by the Dubai Financial Services Authority (DFSA) (Reference No. F003484).

Restricted regions: Trading Point of Financial Instruments Limited does not provide investment and ancillary services in the territories of third countries.

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Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.

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